MIDDLEFIELD BANC CORP — Director's Dealing 2024

Sep 4, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MIDDLEFIELD BANC CORP (MBCN)
CIK: 0000836147
Period of Report: 2024-08-30

Reporting Person: RANTTILA MICHAEL (EVP/CFO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-08-30	Conditional Stock Award	$	A	4520	Acquired	2027-08-30	Common Stock (4520)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4035.10	Direct
Common Stock	2	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Conditional Stock Award	$27.4000	2026-03-10	Common Stock (2846)	2846	Direct
Conditional Stock Award	$24.8000	2025-02-23	Common Stock (2016)	2016	Direct

Footnotes

F1: Includes shares acquired under MBCN Dividend Reinvestment Plan

F2: The award represents a grant of restricted stock which vests ratably over a three-year period provided that Mr. Ranttila remains continuously employed by Middlefield as of each vesting date. Until the award vests, the award confers no right to vote, no right to dividends, and no other shareholder rights to the recipient.

F3: Each restricted stock unit represents the right to receive, at settlement, one share of common stock.

F4: Until the award vests, the award confers no right to vote, no right to dividends, and no other shareholder rights to the recipient. Vesting is subject to a time-based or service condition and a performance-based condition. The details of the vesting conditions may be found in a Form 8K filing dated March 17, 2023.

F5: Until the award vests, the award confers no right to vote, no right to dividends, and no other shareholder rights to the recipient. Vesting is subject to a time-based or service condition and a performance based condition. The details of the vesting conditions may be found in a Form 8-K filing dated February 25, 2022.